HUNTSVILLE, Alabama — It was another month of improved home sales in Huntsville and Madison County, according to data released Friday by the Huntsville Area Association of Realtors.
Home sales in May increased 16.58 percent compared with the same month a year ago, HAAR said. There were 450 homes sold in May compared with 386 homes sold last May, the association said.
Home sales were essentially unchanged compared with April, when 452 homes were sold.
It’s another indication that “Huntsville (and) Madison County (are) certainly one of the bright spots in the national housing market,” Oscar Gonzales, the CEO of the Huntsville Area Association of Realtors, said in a release.
The story is similar throughout Alabama, according to data from the Alabama Center for Real Estate.
Sales in May in Alabama increased 13.8 percent compared with last May, ACRE said. It was the 11th consecutive month that home sales in Alabama have improved compared with the same month the previous year.
The median selling price in Alabama in May was $127,143, an increase of 2.4 percent from last May, ACRE said. In Huntsville and Madison County, the single-family home median price in May – the figure at which half sold for more and half sold for less – was $168,500, an increase of 6.65 percent from April.
The median single-family price last May was $171,000, HAAR said.
“We share market reports with other Realtor Associations around the country and we certainly are not the norm, especially when compared with markets that have not seen any sort of recovery,” Gonzales said. “One variable that makes us stand out from the rest is that a large percentage of our sales is new home construction (about 30 percent on average), which is virtually unheard of in most of the country.”